The increasing attention the majors are giving to proprietary channels has some brokers concerned about the future. Should it be a worry? Read More

A report commission by the MFAA in collaboration with Deloitte titled The Value of Mortgage & Finance Broking.  

Optimising Debt Structures Effective debt structuring supports long-term financial goals. Mortgage brokers assist by refinancing for better rates, consolidating debts, and recommending loan features—such as offsets or redraws – to maximise benefits. For example, offset accounts can reduce interest while maintaining tax deductibility for investment purposes, unlike redraw facilities. Enhancing Borrowing Capacity Mortgage brokers provide access to a diverse range of lenders, where borrowing capacity can vary significantly based on lender policies and individual circumstances. This variety of choice allows brokers to identify the best lender for each client’s unique…

On Tuesday the 7th of November 2023, the RBA decided to increase interest rates by 0.25%, which has taken the cash rate to 4.35%. This increase in interest rate has had an effect on all borrower’s, capacity to borrow. As interest rates climb, your ability to borrow is reduced- so what are some of the things you can do to limit the damage to your borrowing capacity: Choose your lender carefully: Most lenders will have you pre-approved for a certain loan amount at a certain purchase price. If interest rates…

The Top 25 Brokerage will retain its brand and team as it moves to integrate with the major financial services business Viridian Financial Group. Smartmove Professional Mortgage Advisors (Smartmove) – one of the Top 25 Brokerages in Australia – has announced it will become part of the financial services business Viridian Financial Group Limited (VFGL) after forming a “strategic integration”. Read more from the Adviser

We are incredibly grateful to MPA Magazine for featuring the remarkable charity works of our very own Misa Huynh. Follow the link below to discover how Misa spreads joy and support to the less fortunate, as we delve into her inspiring journey of compassion in Vietnam. Read MPA Magazine Feature

RBA CASH RATE RAISED TO 3.10% At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent. Inflation in Australia is too high, at 6.9 per cent over the year to October. Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role. Returning inflation to target requires a more sustainable balance between…

Figuring out whether buying your commercial premises through your self-managed super fund (SMSF) is an option that’s suitable for you is imperative to the success of your investment. There can be many gains in purchasing commercial property through your SMSF, including creating a certain level of freedom by smart use of resources. It frees up capital for the business owner. They are unlocking super to do more for them. Further to this, the property is protected against insolvency. Depending on the type of business, this can be particularly appealing. There’s…

APPROVED changes to the NSW property tax system will give first-home buyers the choice between paying an annual property tax or stamp duty. Changes: The NSW Government has now passed legislation allowing first-home buyers purchasing properties of up to $1,500,000 to choose between paying an annual property tax or stamp duty. Under the scheme, first-home buyers will be able to choose between: (a) Paying the usual amount of stamp duty based on the ‘dutiable value’ of your property or (b) Paying an annual property tax based on the unimproved land value of…

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve this goal and further increases are likely to be required over the period ahead. The cash rate has been increased substantially in a short period of time. Reflecting this, the Board decided to increase the cash rate…